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John — Brad just announced a $60 MILLION investment in affordable housing!

New York City pension funds are investing $60 MILLION in affordable housing, protecting nearly 35,000 rental units across the City — over 80% of which are rent-regulated.

John, this is the largest single investment to protect rent-stabilized housing by the pension funds in New York City’s history — because Brad knows addressing the housing affordability crisis is key to our City’s future.

Housing is the single biggest affordability issue in NYC, driving families out of the City and increasing homelessness. In fact, NYC lost 546,000 in population between April 1, 2020, and July 1, 2023.

To put it simply, the rent is too damn high . But Brad is putting up a fight.

Addressing the affordability crisis requires bold action and capable leadership like Brad’s. With Brad’s May fundraising deadline coming up next week, will you pitch in to help him continue fighting to increase access to affordable housing? [[link removed]]

If you've saved your payment information with ActBlue Express, your donation will go through immediately:

CHIP IN $10 NOW [[link removed]]
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CHIP IN $50 NOW [[link removed]]
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ANOTHER AMOUNT [[link removed]]

How did this opportunity come about? After Signature Bank collapsed last spring in the fourth largest bank failure in American history, its enormous mortgage portfolio — which included thousands of vulnerable rent-stabilized units across the City — was auctioned off.

The Community Preservation Corporation (CPC) and Related Fund Management (RFM) partnered to purchase a 5% equity interest in Signature Bank’s rent-stabilized loan portfolio. Then, NYC pension funds committed a 25% investment in the $5.8 billion unpaid principal balance.

In total, the $60 million investment covers approximately 1,140 buildings and 35,000 units — representing about 3% of New York City’s entire rent-regulated housing stock. It’s just one example of the creative solutions Brad is spearheading to make NYC work for all New Yorkers.

If you agree that the housing affordability crisis requires bold action, can you make a one-time donation to support Brad Lander before our May fundraising deadline? [[link removed]]

Thank you,

Team Lander

Lander 2025
68 Jay Street
Brooklyn, NY 11201
United States

[email protected] (mailto:[email protected])

Paid for by Brad Lander for NYC Comptroller

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